ASSETS UNDER MANAGEMENT (R BILLION) INCEPTION DATE SINCE INCEPTION 10 YEARS 5 YEARS 3 YEARS 1 YEAR HIGH NET EQUITY EXPOSURE (100%) Allan Gray Equity Fund (AGEF) Average of South African - Equity - General category (excl. Allan Gray Funds) 1 41.3 01.10.1998 25.9 18.6 18.4 18.0 16.0 16.2 17.5 19.6 10.5 12.9 Allan Gray-Orbis Global Equity Feeder Fund (AGOE) FTSE World Index 14.3 01.04.2005 15.7 14.5 15.7 14.5 20.1 21.5 29.5 30.3 11.3 21.8 MEDIUM NET EQUITY EXPOSURE (40% - 75%) Allan Gray Balanced Fund (AGBF) Average of South African - Multi Asset - High Equity category (excl. AGBF) 2 106.4 01.10.1999 18.9 14.1 15.4 13.7 13.8 13.2 15.3 15.4 8.3 11.5 Allan Gray-Orbis Global Fund of Funds (AGGF) 60% of the FTSE World Index and 40% of the JP Morgan Global Government Bond Index 11.1 03.02.2004 11.1 11.6 13.0 13.3 15.0 18.2 22.5 24.2 8.4 17.4 LOW NET EQUITY EXPOSURE (0% - 40%) Allan Gray Stable Fund (AGSF) Daily interest rate of FirstRand Bank Limited plus 2% 36.2 01.07.2000 12.9 9.3 11.1 8.3 9.2 6.7 9.5 6.5 6.1 6.9 VERY LOW NET EQUITY EXPOSURE (0% - 20%) Allan Gray Optimal Fund (AGOF) Daily interest rate of FirstRand Bank Limited 1.1 01.10.2002 8.4 6.6 7.8 6.2 6.7 4.6 8.2 4.4 14.7 4.8 Allan Gray-Orbis Global Optimal Fund of Funds (AGOO) Average of US$ Bank deposits and Euro Bank deposits 1.1 02.03.2010 9.4 7.5 - - 10.1 8.6 15.1 12.7 1.6 1.8 NO EQUITY EXPOSURE Allan Gray Bond Fund (AGBD) JSE All Bond Index (total return) 0.7 01.10.2004 9.3 9.2 9.1 8.9 9.3 9.7 8.5 9.0 10.6 12.4 Allan Gray Money Market Fund (AGMF) Alexander Forbes Short-term Fixed Interest (STeFI) Composite Index 3 8.7 03.07.2001 8.1 8.1 7.5 7.3 5.9 5.7 5.7 5.6 6.3 6.1 ALLAN GRAY SOUTH AFRICAN UNIT TRUSTS ANNUALISED PERFORMANCE (RAND) IN PERCENTAGE PER ANNUM TO 31 MARCH 2015 (NET OF FEES) 1 Since inception to 28 February 2015 the benchmark was the FTSE/JSE All Share Index including income. 2 Since inception to 31 January 2013 the benchmark was the market value-weighted average return of the funds in both the Domestic Asset Allocation Medium Equity and Domestic Asset Allocation Variable Equity sectors of the previous ASISA Fund Classification Standard, excluding the Allan Gray Balanced Fund. 3 Since inception to 31 March 2003, the benchmark was the Alexander Forbes 3-Month Deposit Index. From 1 April 2003 to 31 October 2011 the benchmark was the Domestic Fixed Interest Money Market Collective Investment Scheme sector excluding the Allan Gray Money Market Fund.
Transcript
25QC 1 2015
ASSETS UNDER MANAGEMENT
(R BILLION)
INCEPTION DATE
SINCE INCEPTION
10 YEARS 5 YEARS 3 YEARS 1 YEAR
HIGH NET EQU I TY EXPOSURE (100%)
Allan Gray Equity Fund (AGEF)Average of South African - Equity - General category (excl. Allan Gray Funds)1
41.3 01.10.1998 25.918.6
18.418.0
16.016.2
17.519.6
10.512.9
Allan Gray-Orbis Global Equity Feeder Fund (AGOE)FTSE World Index
14.3 01.04.2005 15.714.5
15.714.5
20.121.5
29.530.3
11.321.8
MEDIUM NET EQU I TY EXPOSURE (40% - 75%)
Allan Gray Balanced Fund (AGBF) Average of South African - Multi Asset - High Equity category (excl. AGBF)2
106.4 01.10.1999 18.914.1
15.413.7
13.813.2
15.315.4
8.311.5
Allan Gray-Orbis Global Fund of Funds (AGGF) 60% of the FTSE World Index and 40% of the JP Morgan Global Government Bond Index
11.1 03.02.2004 11.111.6
13.013.3
15.018.2
22.524.2
8.417.4
LOW NET EQU I TY EXPOSURE (0% - 40%)
Allan Gray Stable Fund (AGSF)Daily interest rate of FirstRand Bank Limited plus 2%
36.2 01.07.2000 12.99.3
11.18.3
9.26.7
9.56.5
6.16.9
VERY LOW NET EQU I TY EXPOSURE (0% - 20%)
Allan Gray Optimal Fund (AGOF)Daily interest rate of FirstRand Bank Limited
1.1 01.10.2002 8.46.6
7.86.2
6.74.6
8.24.4
14.74.8
Allan Gray-Orbis Global Optimal Fund of Funds (AGOO)Average of US$ Bank deposits and Euro Bank deposits
1.1 02.03.2010 9.47.5
--
10.18.6
15.112.7
1.61.8
NO EQU I TY EXPOSURE
Allan Gray Bond Fund (AGBD)JSE All Bond Index (total return)
0.7 01.10.2004 9.39.2
9.18.9
9.39.7
8.59.0
10.612.4
Allan Gray Money Market Fund (AGMF)Alexander Forbes Short-term Fixed Interest (STeFI) Composite Index3
8.7 03.07.2001 8.1 8.1
7.57.3
5.95.7
5.75.6
6.36.1
ALLAN GRAY SOUTH AFRICAN UNIT TRUSTS ANNUALISED PERFORMANCE (RAND) IN PERCENTAGE PER ANNUM TO 31 MARCH 2015 (NET OF FEES)
1 Since inception to 28 February 2015 the benchmark was the FTSE/JSE All Share Index including income.2 Since inception to 31 January 2013 the benchmark was the market value-weighted average return of the funds in both the Domestic Asset Allocation Medium Equity and Domestic Asset Allocation Variable Equity sectors of the previous ASISA Fund Classification Standard, excluding the Allan Gray Balanced Fund.3 Since inception to 31 March 2003, the benchmark was the Alexander Forbes 3-Month Deposit Index. From 1 April 2003 to 31 October 2011 the benchmark was the Domestic Fixed Interest Money Market Collective Investment Scheme sector excluding the Allan Gray Money Market Fund.
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27QC 1 2015
FOREIGN DOMICILED FUNDS ANNUALISED PERFORMANCE (RAND) IN PERCENTAGE PER ANNUM TO 31 MARCH 2015 (NET OF FEES)
ASSETS UNDER MANAGEMENT
(R BILLION)
INCEPTION DATE
SINCE INCEPTION
10 YEARS 5 YEARS 3 YEARS 1 YEAR
HIGH NET EQU I TY EXPOSURE
Orbis Global Equity FundFTSE World Index
100.5 01.01.1990 19.213.8
15.714.5
20.121.4
29.730.1
11.221.8
Orbis SICAV Japan Equity (Yen) FundTokyo Stock Price Index
20.9 01.01.1998 15.39.2
12.310.6
18.917.6
26.627.7
18.829.3
Orbis SICAV Asia ex-Japan Equity FundMSCI Asia ex-Japan Index
31.5 01.01.2006 17.516.2
--
17.617.5
25.124.4
13.927.5
Allan Gray Africa ex-SA Equity FundStandard Bank Africa Total Return Index
2.8 01.01.2012 25.011.2
--
--
23.09.2
– 5.4– 10.7
Allan Gray Australia Equity FundS&P/ASX 300 Accumulation Index
7.6 04.05.2006 15.614.4
--
16.715.7
19.621.4
1.68.0
MEDIUM NET EQU I TY EXPOSURE
Orbis SICAV Global Balanced Fund60% MSCI World Index with net dividends reinvested and 40% JP Morgan Global Government Bond Index
16.9 01.01.2013 28.326.0
--
--
--
12.917.6
LOW NET EQU I TY EXPOSURE
Allan Gray Australia Opportunity FundReserve Bank of Australia cash rate
0.7 01.07.2011 14.410.2
--
--
12.48.4
– 0.2 – 2.8
VERY LOW NET EQU I TY EXPOSURE
Orbis Optimal SA Fund-US$ ClassUS$ Bank Deposits
19.3 01.01.2005 11.29.7
10.28.8
11.410.7
17.716.7
8.215.4
Orbis Optimal SA Fund-Euro ClassEuro Bank Deposits
8.3 01.01.2005 8.77.0
8.06.6
7.16.0
10.58.5
– 12.4– 10.1
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28QC 1 2015
ASSETS UNDER MANAGEMENT
(R BILLION)5
INCEPTION DATE
SINCE INCEPTION
10 YEARS 5 YEARS 3 YEARS 1 YEAR
LOCAL PORTFOL IOS 6 (BEFORE LOCAL F EES )
Domestic Equity Composite (minimum net equity 75% - 95%)Domestic Equity Pooled Portfolio (minimum net equity 90%)FTSE/JSE All Share Index
64.56.7
01.01.199001.02.2001
21.623.3
15.3/16.6
21.121.418.0
17.217.916.1
19.120.019.4
12.413.012.5
Domestic Balanced CompositeDomestic Balanced Pooled PortfolioMean of Alexander Forbes SA Large Manager Watch (Non-Investable)7
23.54.5
01.01.197801.09.2001
22.619.5
18.0/16.6
17.717.916.1
14.114.414.0
14.514.714.7
11.211.110.4
Domestic Stable CompositeDomestic Stable Pooled PortfolioAlexander Forbes Three-Month Deposit Index plus 2%
6.22.0
01.12.200101.12.2001
13.613.910.1
12.212.59.3
8.88.87.7
8.48.57.5
8.28.18.0
GLOBAL PORTFOL IOS 6, L IM I T ED TO 25% FORE IGN EXPOSURE (BEFORE LOCAL , BUT AFTER FORE IGN FEES )
Global Balanced CompositeGlobal Balanced Pooled PortfolioMean of Alexander Forbes Global Large Manager Watch (Non-Investable)7,8
71.234.7
01.01.197801.09.2000
22.319.6
17.7/15.5
17.217.315.9
15.015.215.4
16.616.817.6
9.69.6
12.2
Global Stable CompositeGlobal Stable Pooled PortfolioAlexander Forbes Three-Month Deposit Index plus 2%
5.75.0
15.07.200415.07.2004
13.213.29.3
12.412.49.3
10.210.37.7
10.810.97.5
6.86.88.0
Global Absolute CompositeGlobal Absolute Pooled PortfolioMean of Alexander Forbes Global Large Manager Watch (Non-Investable)7
10.13.4
01.03.200401.03.2004
16.616.916.8
16.516.815.9
11.111.215.4
11.411.517.6
8.58.6
12.2
FORE IGN ONLY PORTFOL IOS 6 (AF TER F EES )
Orbis Global Equity FundOrbis Global Equity Pooled Portfolio9
FTSE World Index
100.53.7
01.01.199018.05.2004
19.215.4
13.8/14.2
15.715.614.5
20.120.021.4
29.729.530.1
11.211.121.8
Foreign Balanced Composite10
Foreign Balanced Pooled Portfolio60% MSCI World Index11 and 40% JP Morgan Global Government Bond Index
4.60.9
23.05.199623.01.2002
14.68.2
12.3/7.3
12.512.413.2
14.414.218.0
21.421.323.8
5.15.0
17.5
SOUTH AFRICAN INSTITUTIONAL PORTFOLIOS4 ANNUALISED PERFORMANCE (RAND) IN PERCENTAGE PER ANNUM TO 31 MARCH 2015
PERFORMANCE AS CALCULATED BY ALLAN GRAY4 The composites not listed here include: Domestic Balanced Absolute, Domestic Balanced Low Equity, Domestic Balanced Stable Namibia, Domestic Equity MSCI SA, Domestic Equity Namibia, Domestic Money Market,
Domestic Optimal, Domestic Tax Paying, Global Balanced High Foreign, Global Balanced Namibia 35% High Foreign, Global Tax Paying and Non Discretionary Foreign.5 The assets under management for institutional portfolios not listed here amount to R66.9bn.6 The composite assets under management figures shown include the assets invested in the pooled portfolios above where appropriate.7 The return for the period ending March 2015 is an estimate as the relevant survey results have not yet been released.8 Since inception to 31 December 1997 the Consulting Actuaries Survey returns were used.9 The total assets under management for the Fund is shown, which includes institutional and retail clients that invest directly with Orbis.10 Since inception to 31 August 2001 the foreign carve-out returns of the Global Balanced Composite were used.11 Morgan Stanley Capital International All Country World Index.
